Board chair of bankrupt GenCanna diverted funds to his company, lawsuit alleges

The board chairman of GenGanna Global, a Kentucky hemp and CBD company that went bankrupt, diverted more than $4 million in cash and benefits to his hemp company, according to a lawsuit. A lawsuit filed by OGGUSA Inc., GenCanna’s new name since the bulk of its assets were sold, alleges Michael Falcone also had GenCanna […]

Board chair of bankrupt GenCanna diverted funds to his company, lawsuit alleges is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs